04/15/2016 Live Update

[Cobra]

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The pullback likely would be bought.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/04 ... ay-update/

[fehro]

SPX gapping down slightly .. enough to make a minor island top / evening star should we head down. SPX at resistance of sorts and VIX at support of invs H&S.
Should we pick up speed to the downside.. looking for 2070-67, mind 2065-2060 Wed AM gap. The bears want a 2070ish close to invert hammer the weekly. Upside open gap 2090-91 from Dec4/5.

[Wallstreetrader]

GM

Very quiet market news highs coming ?

[fehro]

SPX prior to open

[Al_Dente]

[Daniel]

USO ca LOD, likewise XOM.
SPY is not following oil tick for tick today, so far.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/04 ... ay-update/

[JFR]

Drifting down. New low.

[Denali92]

USO ca LOD, likewise XOM.
SPY is not following oil tick for tick today, so far.

it only follows it tick for tick when Oil is going up......

Remember Oil peaked on 22-March and trended down till 5th of April.... while the SPX bottomed on the 24th, rallied to the 1st, bottomed on the 7th and rallied till ???

D

[JFR]

DOW 30. Not much drama.

[Daniel]

IBB, FDN, XLE, EEM lod
XLU hod
--this is not a bullish configuration.

[Al_Dente]

Backtest in progress
Support at the gap, and support at the breakout line

[merryme]

http://finance.yahoo.com/news/york-city ... ector.html

[Daniel]

USO ca LOD, likewise XOM.
SPY is not following oil tick for tick today, so far.

it only follows it tick for tick when Oil is going up......

Actually it only follows tick for tick when it does. It's a periodic and intraday kind of thing.
A 'fashion', one might say. It happened with the Euro, for a while in 2011. Happened with AAPL, when it was supreme, and everyone had apple options-skew data on their screen, along with anything else.
Behavioral Finance Psychology. (aka 'primate psychology')

[daytradingES]

looking like a narrow choppy Friday
H/L est 2077.50 2067.00 10.50

[Denali92]

USO ca LOD, likewise XOM.
SPY is not following oil tick for tick today, so far.

it only follows it tick for tick when Oil is going up......

Actually it only follows tick for tick when it does. It's a periodic and intraday kind of thing.
A 'fashion', one might say. It happened with the Euro, for a while in 2011. Happened with AAPL, when it was supreme, and everyone had apple options-skew data on their screen, along with anything else.
Behavioral Finance Psychology. (aka 'primate psychology')

agreed. Market always needs something to justify the moves...

-D

[fehro]

SPX weak bounce, and take out LOD.. look for 2065 - RUT strongest, green

[Daniel]

IWM, MDY, XRT hod

[JFR]

CL down. EURUSD up.